3664 N Us Highway 31 S, Traverse City, MI 49684

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APN: 05-016-016-30

3664 N Us Highway 31 S, Traverse City, MI 49684

Lot

Land Use
Shopping Center
Lot Area (SF)
Lot Area (Acres)
Zoning
Frontage
Depth

Building

Year Built
Year Renovated
Stories
Number of Buildings
Existing Floor Area Ratio
Commercial Units
Residential Units
Total Units
Building Area
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Reported Ownership

Reported Owner
Mailing Address

Contact Information

Phone Number
Email Address
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Recorded Sales

Date Sales Price Buyer Seller Sales Doc # Multi-Property Sale
2014-08-25
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Mortgage Records

Date Lender(s) Amount Doc # Maturity Date Crossed-Debt Parcels
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Tax Data

2017
Total Assessed Value
Assessed Land Value
Assessed Improvement Value
Total Market Value
Land Market Value
Improvements Market Value
Tax Amount
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Popular searches around Traverse City

Reonomy operates the most comprehensive database for Traverse City Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Traverse City commercial real estate professionals. Members from Traverse City include brokers, investors and service providers, many of whom specialize in Traverse City Commercial Real Estate.

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Traverse City commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Traverse City is $243,397. Commercial real estate sale prices in Traverse City have a median of $222,500. The last 24 months of sales history has seen 24 sales, with 0 sales greater than $250,000, 0 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000.

Values and sold prices (last 24 months) United States Michigan Traverse City
Average price/sqft $1,344 $140 --
Median price/sqft $115 $50 --
Average sold price $1,162,392 $231,553 $166,608
Median sold price $191,467 $89,970 $222,500
Number of sales 3,863,764 64,454 24
Number of sales over $250k 1,613,612 15,971 --
Number of sales over $1m 389,810 1,741 --
Number of sales over $10m 58,005 58 --
Average total tax amount $5,906 $4,972 $6,184
Average assessed value $273,996 $107,930 $243,397
Average market value $321,051 $216,331 $490,244

Traverse City commercial real estate property averages

The average lot size of commercial real estate properties in Traverse City is 50,857 sf. This is 47% above the Michigan average.

Property averages United States Michigan Traverse City
Average lot size 819,068 sf 1,086,989 sf 497,982 sf
Median lot size 24,646 sf 31,276 sf 50,857 sf
Average building area 1,164 sf 140 sf 74 sf
Median building area 73 sf 28 sf 20 sf
Median year built 1970 1959 1987
Average number of units 16 13 18
Median number of units 2 2 4

Traverse City commercial real estate total supply

There are 8,584 commercial real estate properties in Traverse City. This is 197% below the Michigan average. The total acerage is 55,274 acres and the aggregate building area for commercial real estate properties in Traverse City is 172,774 sf.

Supply United States Michigan Traverse City
Number of parcels 57,284,908 1,409,701 8,584
Aggregate lot acerage 882,586,122 36,374,776 55,274
Aggregate building area 8,038,750,738 sf 11,566,582 sf 172,774 sf
Aggregate units 87,804,464 629,118 9,799

Traverse City commercial real estate industrial mortgages

There are 15 mortgages for commercial real estate properties across Traverse City in the Reonomy database. The average value of those mortgages is $173,851. This is 197% below the Michigan average.

Debt United States Michigan Traverse City
Number of mortgages 38,333,712 420,086 15
Average value of mortgages $5,270,730 $24,110,752 $173,851

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